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LLLI Lamperd Less Lethal Inc (PK)

0.0045
-0.0005 (-10.00%)
13 Sep 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lamperd Less Lethal Inc (PK) USOTC:LLLI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0005 -10.00% 0.0045 0.0025 0.0053 0.0045 0.003 0.003 3,500 21:01:06

Lamperd Less Lethal, Inc. Announces Successful Expansion of Its Product Lines

25/02/2014 1:00pm

Business Wire


Lamperd Less Lethal (PK) (USOTC:LLLI)
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Lamperd Less Lethal (PINKSHEETS: LLLI) has begun the manufacturing of the 350 Ultra -Light 40MM Single- Shot Grenade Launcher ordered by the Canadian federal government. With the orders in house to be built, the company will have more revenue in the next few weeks than in any year in the last five years.

As a result of conversations with, and a plant visit by a large military force, Lamperd has researched, engineered, designed, manufactured and tested a 37/38/40 MM five shot magazine grenade launcher weighing 5.4 pounds that worked perfectly in range testing. As a comparison, most launchers in the market weigh nine pounds or more. The product will be available for order fulfillment in early Spring 2014.

After several visits and demonstrations, the disbursement officer of a foreign country has requested a representative from the company to return and finalize what the company expects to be the largest purchase order in company history from this overseas government. Additional distributor interest has also been expressed as representatives from Mexico and Europe visited the Lamperd plant on February 21, 2014 for another round of highly successful demonstrations and testing.

These new single and multi shot launchers have stirred considerable interest in the world-wide less lethal market. Several national governments, armed forces personnel, police and security agencies from around the world have contacted Lamperd with great interest in the new product line. Interest has been expressed in potential orders ranging from a few dozen to a thousand or more units. These additional orders re expected over the next several weeks and could put the company firmly on the road to profitability.

The company is working diligently on its product development and sales/ marketing plans with an eye on profitability in the near term. It may be in the best interest of investors and shareholders to actively watch the companies’ progress through these crucial developments.

About the Company

Lamperd Less Lethal, Inc. is a manufacturer of less lethal weapons and ammunition for defensive purposes only. Lamperd has a range of products to fit all defensive purposes.

This press release contains forward-looking statements relating to Lamperd Less Lethal, Inc. Lamperd Less Lethal, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results.

Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.

Lamperd Less LethalBarry Lamperd, 519-344-4445Presidentwww.lamperdtraining.com

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